Monitor Reaches Agreement To Join Forces With Deloitte
Increasing demand for tighter integration between strategy and implementation makes Monitor and Deloitte a natural fit. As a pure-play strategy consultant, Monitor was facing increasing financial pressure as a stand-alone business. The recent economic downturn drove Monitor to evaluate its strategic options and determine that Deloitte was not only the right strategic match, but also provided the opportunity for substantial short-term and long-term growth as well as opportunities for its employees and clients.
To help facilitate this proposed transaction and preserve the firm's considerable value as a going concern, the assets will be sold by means of a court-approved sale under Section 363 of the U.S. Bankruptcy Code. The transaction with Deloitte would be completed following approval of the U.S. Bankruptcy Court in Wilmington, Delaware and is subject to, among other things, higher or otherwise better offers, as well as regulatory approvals.
Monitor intends to continue serving its clients in the ordinary course and has filed a number of customary motions seeking court authorization to continue to support its business operations.
Founded in 1983, Monitor Company Group LP ( www.monitor.com) is a global consulting firm headquartered in Cambridge, Massachusetts. The firm advises for-profit, sovereign, and non-profit clients in growing their businesses and economies and furthering their charitable purposes. Monitor creates and sustains leading, world-class capabilities in the management disciplines essential to growth – including strategy, marketing, organizational design and innovation – and brings those capabilities to bear in a pragmatic and customized way for clients. Monitor authors have published more than 80 articles in leading business journals and have published some of the most influential business strategy books of the last 25 years.Contact: Eamonn KellyEmail: Eamonn_Kelly@monitor.comPhone: 415 932 5358 SOURCE Monitor Group
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